Gear Energy Ltd. Announces Results of Directors Vote

CALGARY, Alberta, May 09, 2018 (GLOBE NEWSWIRE) — Gear Energy Ltd. (“Gear”) (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated April 2, 2018 were elected as directors of Gear. The detailed results of the vote for the election of directors held at Gear’s annual meeting of shareholders held today (the “Meeting”) are set out below.

On a vote by ballot, each of the following six nominees proposed by management was elected as a director of Gear:

Nominee

Outcome of Vote

Votes For

% For

Votes Withheld

% Withheld

Raymond Cej

Harry English

Ingram Gillmore

Donald Gray

John O’Connell

Kevin Olson

Elected

Elected

Elected

Elected

Elected

Elected

96,531,143

97,826,746

97,878,674

94,827,096

96,516,611

96,563,111

98.35

99.67

99.72

96.61

98.33

98.38

1,624,375

328,772

276,844

3,328,422

1,638,907

1,592,407

1.65

0.33

0.28

3.39

1.67

1.62

For details of the voting results on the other matters considered at the Meeting, see Gear’s Report of Voting Results filed pursuant to National Instrument 51-102 on www.sedar.com.